The transaction value could be as much as 6.2 billion euros ($7.14 billion) and an announcement is scheduled as early as Monday, according to the report.

Reuters reported in September that the Japanese car parts maker had lined up around 5 billion euros in financing from Japanese banks to fund its proposed acquisition of Magneti Marelli, which sits within FCA’s components unit alongside robotics specialist Comau and castings firm Teksid..

FCA, Magneti Marelli, Calsonic Kansei and KKR were not immediately available for comment on the report.